Heranba Industries is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat.
The company manufactures intermediates, technicals and formulations and it is among the leading producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permitherin, lambda cyhalothrin in the domestic market.
The company holds registrations for 18 Technicals for manufacture and sale in India, 93 Technicals & Formulations for manufacture and sale in the export markets and 167 Formulations registered for manufacturing and sale in India.
Applications for registration of 13 Technicals & Formulations for manufacture & sale in India and 2 Technicals to manufacture for the export markets have been filed with the CIB&RC and are in the process of evaluation.
In FY2022, the company exported its products to more than 60countries in Latin America, CIS, Middle East, Africa, Asia and South East Asia. In the domestic market, Heranba Industries has more than 8,600 dealers having access to 21 depots across 16 states and one union territory in India.
Competitive strengths
- Range of product portfolio including Intermediates, Formulations, and Technicals.
- Domestic as well as global reach.
- Strong distribution network.
- Large customer base.
- Experienced promoters and management team.
Company Financials
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 7,881.20 | 6,247.63 | 5,604.43 | 4,504.65 |
| Total Revenue | 6,192.11 | 9,679.06 | 10,118.38 | 7,504.10 |
| Profit After Tax | 663.11 | 977.50 | 754.02 | 468.76 |
Objects of the Issue
- To meet business working capital requirements.
- To meet general corporate purposes.
- To meet public issue expenses.
Heranba Industries IPO Details
| IPO Opening Date | 23 FEB, 2021 |
| IPO Closing Date | 25 FEB, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹ 625 Cr. |
| Face Value | ₹10 per equity share |
| IPO Price | [626] to [627] per equity share |
| Market Lot | 23 Shares |
| Min Order Quantity | 23 Shares |
| Listing At | BSE, NSE |
| Offer For Sale | 90,15,000 Equity Share |
Heranba Industries IPO
| IPO Open Date | 23 FEB, 2021 |
| IPO Close Date | 25 FEB, 2021 |
| Finalization of Basis of Allotment | 02 MAR, 2021 |
| Initiation of Refunds | 03 MAR, 2021 |
| Credit of Shares to Demat Account | 04 MAR, 2021 |
| IPO Listing Date | 05 MAR, 2021 |
Heranba Industries IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 23 | ₹14,421 |
| Maximum | 13 | 299 | ₹187,473 |
Heranba Industries IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Heranba Industries IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Heranba Industries IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Heranba Industries IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| Heranba Industries Limited Plot No. 1504 / 1505 / 1506/1 GIDC Phase-III, Vapi, Valsad – 396195 Phone: 91 260 240 1646 Email: compliance@heranba.com Website: https://www.heranba.co.in/ |
